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Investments
3 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Investments INVESTMENTS
The Company’s investments consisted of the following:
As of December 31, 2024
(in thousands)
Adjusted BasisGross
Unrealized Gains
Gross
Unrealized Losses
Fair Value
Available-for-sale securities$498,743 $387 $(84)$499,046 
Total current investments$498,743 $387 $(84)$499,046 
As of September 30, 2024
(in thousands)
Adjusted BasisGross
Unrealized Gains
Gross
Unrealized Losses
Fair Value
Available-for-sale securities$577,465 $837 $(26)$578,276 
Total current investments$577,465 $837 $(26)$578,276 
The following table summarizes the contract maturity of the available-for-sale securities as of:
December 31, 2024September 30, 2024
(in thousands)
Within one year
$474,459 $578,276 
After one to two years
24,587 — 
Total
$499,046 $578,276 
As of December 31, 2024 and September 30, 2024, the gross unrealized losses were immaterial. The Company has determined that the available-for-sale securities that were in an unrealized loss position did not have any credit loss impairment as of December 31, 2024 and 2023.